Nexstar Broadcasting Group And Mission Broadcasting To Acquire Five Television Stations In Four Markets For Total Consideration Of $103.3 Million In Accretive Transactions

Mr. Sook concluded, “Nexstar’s ongoing operating execution combined with select accretive station transactions have positioned the Company to achieve record revenue and free cash flow in 2013 and beyond. In the current environment we expect to act on further opportunities to optimize our portfolio through additional strategic acquisitions, the creation of additional virtual duopolies, and select divestitures.”

Citadel Communications and Stainless Broadcasting Television Stations

Market

Market Rank

Station

Affiliation

Seller

1

Des Moines, IA

72

WOI

ABC

Citadel Communications

2

Rock Island, IL

99

WHBF

CBS

Citadel Communications

3

Sioux City, IA

147

KCAU

ABC

Citadel Communications

4

Binghamton, NY

157

WICZ

FOX

Stainless Broadcasting

5

Binghamton, NY

157

WBNP- LP

MyNetworkTV

Stainless Broadcasting

The transactions are subject to Federal Communications Commission approval and other customary closing conditions, and are expected to be completed early in the first quarter of 2014.